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From a trading perspective, the setup evolved in Oct 2021 has led to a ‘Flag’ formation and we can expect a positive trend to emerge on close above 16,123 in Nifty with higher volume seen as a key catalyst for a sustainable up move.
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USDINR for the week ended with gains of more than 0.5% after the Fed rate hike triggered a major rally in USD against most of the developed currencies. With USDINR closing above 76.5 for the week, we expect an immediate up move towards 79 in the next few days.
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With the recent decline, the Nifty 50 Equal Weight index has thrown up a ‘Bullish Flag’ setup with an upside potential of 20%. We thus expect the Nifty 50 to trigger a major reversal on close above 16123.
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The rupee hits an all-time low, falling almost 5% in a short duration of 6 months, and here’s our financial expert at Fintoo giving you the prime reasons and future expectations.
Key Highlights:
-Major Reasons
-Impact On India
-Impact On The People’s Lives
-Steps That RBI Can Take
-Future Expectations
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With India VIX crossing above the 22% mark, the sentiment has dampened further but outperformance from Bank Nifty is seen as a silver lining for Nifty’s journey towards 19867 in the near term
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Considering the current market conditions, global political and financial scenarios along with logical assumptions about the future market position by experienced financial experts, these 3 stocks are the best options for you to buy now.
Key Highlights:
• HDFC Life
• Godrej Consumer Products Ltd.
• HCL Tech
• Current Market Position
• Company Fundamentals
• Logical Future Assumptions
• Current Stock Value
• Expected Stock Value
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We expect Nifty to bottom out around 16123 and resume its upward journey in the coming days with a rally more specific to large-cap counters.
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We expect Nifty to bottom out around 16123 and resume its upward journey in the coming days with a rally more specific to large-cap counters.
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Contact us on - +91 9699 800 600
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Below 16671, the ideal reversal zone for the #Nifty is placed at 16123 where the market may hit rock bottom and may follow up with a major upswing in the near term.
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Get a complete idea of;
- Why did the RBI increase the Repo Rate and CRR,
- How it will affect you as a common man, investor, or a person who has taken a loan or
- What can you do about your investments and loans in the current situation
Know the expert’s take on the existing situation and expected changes in the future. Understand the in-depth analysis and get the expert’s suggestions on what you should do next.
Key Highlights:
• Why was it necessary for the RBI to increase the Repo Rate and CRR
• Reason to increase in the Repo Rate and CRR
• Who will be affected by the increase in the Repo Rate and CRR
• Future expectations after the increase in the Repo Rate and CRR
• What should the investors do after the increase in the Repo Rate and CRR
Visit us at https://www.fintoo.in
Contact us on - +91 9699 800 600
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Blog: https://www.fintoo.in/blog/
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